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Esports Entertainment Group Announces Registered Direct Offering, Private Placement

Benzinga Real-time News ·  12/22/2022 06:56

Esports Entertainment Group, Inc. (NASDAQ:GMBL) (NASDAQ:GMBLP) (NASDAQ:GMBLW) (NASDAQ:GMBLZ) (or the "Company") today announced that it has entered into a securities purchase agreement with the holder of its Senior Convertible Note ("Holder") for the purchase and sale of 7,065,000 shares of the Company's common stock and pre-funded warrants to purchase 17,850,000 shares of common stock in a registered direct offering at an effective purchase price of $0.0937 per share or per pre-funded warrant. Upon completion of the offering, the Holder will own approximately 9.9% of the outstanding common stock of the Company.Jan Jones Blackhurst, Chair of

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